Seadrill Ltd. -- Presentation of the Q3 2006 Results


HAMILTON, Bermuda, Nov. 9, 2006 (PRIMEZONE) -- Seadrill's third quarter 2006 results will be released on Wednesday November 22, 2006. In connection with the earnings release, a teleconference/webcast and a live presentation will be held as described below:

1. TELECONFERENCE AND WEBCAST

A conference call will be held at 5:00 P.M. (Norwegian time) on Wednesday November 22, 2006.

To listen to the management presentation of the results, the following options are available:

A. Webcast

Go to the Investor Relations section at www.seadrill.bm and click on the link to "Webcast." In order to listen to the conference call on the web, you need to have installed Windows Media Player and a sound card on your computer.

B. Teleconference

Call +47 23 00 04 00, or if calling from Norway, call 800 80 119. Inform the operator that you wish to participate in the Seadrill conference call.

There will be a Q&A session subsequent to the presentation. Information on how to ask management questions will be given at the beginning of the Q&A session.

In order to view the presentation held while listening to the conference, please download the presentation material from www.seadrill.bm

If you are unable to participate in the call, there is an opportunity to listen to a replay of the conference call on www.seadrill.bm (Investor Relations) or to listen to a playback by dialing:


 +47 67 89 40 91
 account no: 1384 followed by # (pound-sign) 
 press 1 conference no: 384 followed by # (pound-sign) 
 press 1 to play

2. PRESENTATION

A presentation of Seadrill's third quarter 2006 results will take place in Oslo, Norway at Shippingklubben, Haakon VII gate, on Thursday November 23, 2006 at 09:30 A.M. If you wish to attend, please confirm your attendance to Bjorghild.togersen@seadrill.com or phone + 47 51 30 98 53.